Another article on why the stock market keeps rallying.....

Nine_Ender · May 10, 2020

Sekiyo said:
It's just another bubble that's going to pop on day.
All I can see is the FED bidding stocks up.

Dollar is a safe heaven,
People all over the world buy dollar denominated assets.
But when the tide goes out do you discover who's been swimming naked.
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The FED doesn't bid up stocks, and there is no bubble in equity markets. You need to give your head a shake and get a more realistic picture about these topics.

Sekiyo · May 10, 2020

Nine_Ender said:
The FED doesn't bid up stocks, and there is no bubble in equity markets. You need to give your head a shake and get a more realistic picture about these topics.
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Maybe.
But I don't care.

SimpleMeLike · May 10, 2020

Relentless said:
He isn't bullshitting. What he's trying to say is "stop trying to understand what rich people do" instead of "learn as much as you can about how rich people got to where they are" would be a more optimal approach.

As an aside, that woman's dad buying her an expensive car and then rewarding her with another one for being a complete moron doesn't mean she is rich. It means her dad is rich, and he's a moron for grooming her into another brain-dead spoiled oxygen thief.
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She had big ass, so I just went the flow of things to smash to dash.

SimpleMeLike · May 10, 2020

S2007S said:
Lots of articles being written and many people questioning this disconnection of the market from the real economy....and one thing I keep hearing over and over again is that the market looks ahead, its forward looking....ummmm, so it seems that 99999999% of the time its looking ahead its always positive. I mean thats what I have gathered from seeing this said everytime there is a blip in the markets.

Why the Dow can jump 400 points even as the economy destroys over 20 million jobs
Published: May 9, 2020 at 3:19 p.m. ET

Advisors and analysts say they have been inundated with calls from clients asking why stocks keep soaring as the economic data grows uglier by the day.

They have a well-worn list of reasons: the market is forward looking and has already anticipated a sharp but short recession; there are tentative signs the outbreak has peaked; progress toward treatments and even, potentially, a vaccine; the Federal Reserve’s unleashing of unprecedented monetary stimulus and lending backstops, with the promise to do more; and a raft of federal spending aimed at shoring up workers and companies, albeit while drawing mixed reviews.

https://www.marketwatch.com/story/w...omy-and-sends-unemployment-soaring-2020-05-09
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Long and Strong SP 500 index.

Thank you Donald Trump and whoever for making the market go up.

If you can't beat them, join them.

Axon · May 10, 2020

Relentless said:
learn as much as you can about how rich people got to where they are
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https://en.wikipedia.org/wiki/Survivorship_bias

S2007S · May 10, 2020

S2007S said:
The rally continues tonight as the futures market will show at least a .50-.75% increase in futures. Another triple digit gain on dow futures tonight that will lead right into a solid green opening and continue all day long into the rest of the week. S$p 3000 this week. Yes 3000 this week!!! No going back, new highs by june!!!!!!!!!
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Exactly what I said...s$p to 3000 possibly tomorrow and new highs at 3500 by june and 6000 by Christmas ...nothing can stop equities from going to record breaking highs!!!!!

Huge rally tonight as if the unemployment rate is at 3.8%!!!

Futures
Dow 30
24,435.5
DERIVED
22:25:39 | Futures
+149.5 +0.62%

S&P 500
2,941.88
DERIVED
22:25:39 | Futures
+13.38 +0.46%

Nasdaq
9,273.75
DERIVED
22:25:39 | Futures
+55.50 +0.60%

SmallCap 2000
1,336.50
DERIVED
22:25:41 | Futures
+7.50

Relentless · May 10, 2020

Axon said:
https://en.wikipedia.org/wiki/Survivorship_bias
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Surely you are talking towards SimpleMeLike and not trying to take my point out of context?

maxinger · May 10, 2020

That is one of the key reason why I migrated from swing to day trading.

Market has been going up strongly since end Mar 2020.
during that time, no one in this world would think market would be going up strongly.

SimpleMeLike · May 10, 2020

maxinger said:
That is one of the key reason why I migrated from swing to day trading.
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Yes, me too. Day trading don't have to worry about all the politics and messing around. Swing trading just buy the SP 500 index monthly and keep it simple. Do not even have think or read the news articles. Overtime I am going to make alot of money, and then just wake up and day trade. Nice and simple

Look at this chart below. ALLLLLLL that fancy talking and this and that and blah blah and unemployment and virus and the world coming to an end and this and that............ and the market is right back where was in October 2019. If you just keep on buying the SP 500 index you making the money, no need to read the news articles anymore and do extra thinking. Wasting time. Buy the market for the long term and day trade.

Overnight · May 10, 2020

SimpleMeLike said:
Swing trading just buy the SP 500 index monthly and keep it simple...
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BULLSHIT when it comes to futures though. I have gone long and held for weeks, and have gotten burned many many times. Because for some reason, the market decides to correct 10-20 percent every few months now. The new normal. A very sad thing.

I think the CME needs to implement monthly equity futures, instead of this quarterly deal. Why do they do it on a quarterly basis, instead of monthly?